Capital Offerings Profile
Company NameCircle Bancorp
Offering TypeIPO
DescriptionCommon stock, no par value
Currency of IssueUSD
 
Announcement Date10/4/2010
Termination Date8/22/2012
 
144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds of this offering will be used to support the company's current operating expenses, to pay interest on the company's junior subordinated debentures, dividends on preferred and common stock, and to provide a reserve of readily available funds. The company plans to invest the remainder of the proceeds in Circle Bank in order to fund investments in loans and securities and provide additional capital for asset growth.

Pricing
Offer Price ($)10.50
Gross Amount Offered ($000)30,030.00
Amount Including Overallotment ($000)30,030.00
Shares Offered2,860,000
Total Shares Offered2,860,000

Professionals
Issuer's CounselHorgan, Rosen, Beckham & Coren, L.L.P.
Auditor(s)Richardson & Company P.C.

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